Valuation dashboard for TC Energy Corporation (TRP) with P/E 26.40, P/B 3.30, EV/EBITDA 13.65 and dividend yield 3.96%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations are strategically divided into five key business units: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexican Natural Gas Pipelines, Liquids Pipelines, and Power & Storage.
Analysis Summary
TC Energy Corporation reported revenue of 15.19B CAD in the most recent fiscal year, growing at a 5-year CAGR of 3.2%. Net income reached 3.52B CAD, with a -5.3% 5-year CAGR.
Trailing-twelve-month margins: gross margin 51.5%, operating margin 46.1%, net margin 22.5%.
At $63.12 (closing price, October 28, 2026), TRP trades at a P/E of 26.40 and an ROE of 13.07%. Market capitalisation stands at $65.8B, placing it among large-cap names.
Balance sheet quality for TRP: current ratio of 0.6. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 26.40 |
| Price / Book | 3.30 |
| EV / EBITDA | 13.65 |
| Dividend Yield | 3.96% |
Valuation Models
| DCF Fair Value | $-33.00 |
| vs Current Price | -152.3% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| TRP | TC Energy Corporation | $65.8B | 26.40 | 3.30 | 13.1% |
| PAA | Plains All American Pipeline, L.P. | $18.8B | 7.37 | 1.68 | 27.5% |
| WMB | The Williams Companies, Inc. | $90.8B | 29.47 | 6.67 | 23.9% |
| EPD | Enterprise Products Partners L.P. | $82.2B | 13.22 | 2.75 | 21.2% |
| KMI | Kinder Morgan, Inc. | $74.8B | 20.72 | 2.37 | 11.5% |
| MPLX | MPLX Lp | $59.7B | 12.67 | 4.24 | 33.4% |
| OKE | ONEOK, Inc. | $59.6B | 16.30 | 2.56 | 17.9% |
| TRGP | Targa Resources Corp. | $65.6B | 29.13 | 18.11 | 72.1% |
Price
| Price | $63.12 (closing price, October 28, 2026) |
| Market Cap | $65.8B |
| Exchange | NYSE |
| Country | CA |
Profitability
| Return on Equity | 13.07% |
| Return on Invested Capital | 5.08% |
| Return on Assets | 2.90% |
| Gross Margin | 51.46% |
| Operating Margin | 46.09% |
| Net Margin | 22.46% |
Related companies: PAA · WMB · EPD · KMI · MPLX · OKE · TRGP · ENB.TO
Explore sector: Energy · Oil & Gas Midstream
More sections of TRP: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks